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C&M: Global industry for financial accounting applications to be driven by need to improve the operational efficiency and productivity

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Global Financial Accounting Application Market 2014-2018 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-18 07:35:01
The Global Financial Accounting Application market is to grow at a CAGR of 3.01 percent over the period 2013-2018. One of the key factors contributing to this market growth is the need to improve the operational efficiency and productivity. The Global Financial Accounting Application market has also been witnessing the increasing adoption of cloud-based financial accounting application software. However, the cross-functional integration among various departments could pose a challenge to the growth of this market.

Financial accounting solutions perform debits and credits, but beyond the general ledger, fixed assets, accounts payable and other transactional systems, there are some other important financial accounting solutions that assist in cash management, planning, and budgeting. Today, enterprises want all time access to cash management, financial planning, budgeting and other solutions. In addition, enterprises are increasingly relying on cloud solutions for planning, budgeting, banking, and treasury solutions in use at their firms. More large enterprises are adopting the use of cloud-based solutions because they have a greater need for consolidation budgeting, planning and reporting tools. In addition, large enterprises have growing needs for more modern and mobile applications.

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Mike King
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